Since LimeFX is a regulated and fully compliant broker, new traders must pass account verification per AML/KYC stipulations. A copy of the ID and one proof of residency documents usually satisfies this final step. Honestly, I was having a lot of doubts before I started working with this brokerage company because I have not heard a lot about them. Anyway, after reading some reviews I decided to give it a shot and signed up for this company. To my surprise everything was better than I expected, I didn’t have any problems with the registration process. Although some brokers like Vantage offer a similar service with less stringent qualifying criteria, LimeFX’s VPS, combined with its excellent pricing, will appeal to high-volume traders and algo traders.
Is LimeFX Safe to Trade With?
I’m talking about those traders who started trading quite recently. As it turned out, I didn’t know anything about trading at all.Now I sometimes limefx scammers open real orders to test my skills. I’ve never experienced a broker like this one , I get my withdrawals same day with BTC.
- LimeFX’s offerings include commodities, currencies, cryptocurrencies, and indices, giving traders flexibility in choosing their preferred markets.
- To avoid these charges, I recommend using Visa or Mastercard bank cards, as I found these do not incur a fee.
- Clients have access to the full suite of the out-of-the-box MT4 trading platform.
- Another big downside is the lack of web trader compatibility, which I find convenient because it provides straightforward and fast market access.
What is the minimum deposit for LimeFX?
One excellent addition would be copy trading, allowing rookie traders to mirror and learn from more experienced peers, who can earn commissions from copiers. Another bonus for us is the $0 minimum deposit and 0.01 minimum lot size, which makes LimeFX more accessible than forex brokers such as Plus500 and AvaTrade, both requiring a minimum deposit of $100. LimeFX supports the MT4 mobile trading platform that provides excellent trading features you can also enjoy when using the MT4 desktop platform.
Is LimeFX A Regulated Forex Broker?
This is a much larger virtual bankroll than almost every other broker we’ve tested, but makes sense given the very high leverage. That said, the bonus could not be withdrawn, and if your account balance reaches below 50% of the available bonus credit, the amount will be removed. This is essentially free credit that can be used for trading purposes, and I was pleased on this occasion that there were no minimum trading requirements. I only really missed having PayPal available since this industry leader is one of the most widely used e-wallets and is accepted by rivals, including XTB and IG. That said, this broker does implement negative balance protection across both EU and offshore entities, unlike alternatives such as Fusion Markets.
LimeFX Review 2024
The broker stands out for extremely low trading fees and a decent range of educational and research materials. LimeFX could offer more in terms of trading tools and reduce or eliminate its withdrawal fees, but these are minor complaints. Importantly, we never recommend choosing a forex broker based on their bonuses as they can encourage bad trading habits.
Five MT4 user guides and a Forex glossary section are also available. LimeFX offers beginner traders a sound educational offering from where traders can expand. While an interactive course or videos are not available, the existing content provides a well-thought-through introduction to trading. With no minimum deposit, high leverage, and low trading costs, LimeFX is ideal for beginner limefx company reviews traders and demanding seasoned ones alike. We offer impartial reviews of online brokers that are hand-written, edited and fact-checked by our research team, which spends thousands of hours each year assessing trading platforms.
The deposit is low, the MetaTrader 4 platform is one of the best for forex trading, and the tight spreads through the ECN model are competitive. LimeFX’s non-forex asset list is less competitive, with the lack of shares a notable exclusion and very few other markets. Ordinarily, we prefer to see a choice between a commission-free account (geared towards beginners) and one with raw spreads and low commissions (geared towards advanced traders).
With a background in business operations and management, Luke brings valuable expertise to his position, overseeing various aspects of Benzinga’s operations. His contributions play a crucial role in the company’s success, ensuring efficiency and effectiveness across different departments. Prior to his role at Benzinga, Luke has held positions that have honed his skills in leadership and strategic decision-making. I take advantage of broker’s competitive pricing and market execution to apply trading bots.